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. >> is there any downside to a tax? >> yeah, if you're a hedge fund manager or one of the high-speed traders, you're going to have to pay some tax and it's going to discourage you from making bets that distort the market. for the rest of us, i don't see a downside, ed. >> how would we make a determination? because you know they would come back and say oh, this is really going to hurt the economy. how would this hurt the economy? >> i don't see how discouraging speculation, which is almost all done with borrowed money. they effectively borrow money at a rate of 30 to 1. you put 3% down and borrow the rest of the money. i don't see how this hurts the economy. and if we reduce this volatility and reduce market distortion, we can get back to having a market focused on investments that create production in the future and wealth in the future, not creaming the market today through speculation. >> quickly, you think this is something congress could embrace? >> not probably in this congress in the house, but i think this is an
. >> is there any downside to a tax? >> yeah, if you're a hedge fund manager or one of the high-speed traders, you're going to have to pay some tax and it's going to discourage you from making bets that distort the market. for the rest of us, i don't see a downside, ed. >> how would we make a determination? because you know they would come back and say oh, this is really going to hurt the economy. how would this hurt the economy? >> i don't see how discouraging...
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Jan 24, 2013
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lapierre says the only intention behind any legislation is to either tax the weapon or take it. that's what he says. >> well, that's what he says, but that's because what he's trying to do is spin his constituency, his membership, into believing false positives. 74% of nra members believe there should be background checks just like we expect everybody that is behind the wheel of a car to have a driver's license and make sure they're tested and they're driving responsibly. the same thing should be happening with whether or not you're a gun owner. i think that's perfectly responsible. >> and you're making perfect sense, maria teresa. hogan, the vice president spoke with guns on the internet. he said something interesting about the ban on assault weapons versus the ban on high capacity ammunition magazines. take a listen. >> i'm much less concerned, quite frankly, about what you call an assault weapon than i am about magazines and the number of rounds that can be held in a magazine. >> hogan, given the resistance to the idea of an assault weapons ban, do you think the chances are b
lapierre says the only intention behind any legislation is to either tax the weapon or take it. that's what he says. >> well, that's what he says, but that's because what he's trying to do is spin his constituency, his membership, into believing false positives. 74% of nra members believe there should be background checks just like we expect everybody that is behind the wheel of a car to have a driver's license and make sure they're tested and they're driving responsibly. the same thing...
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on aid to the poor, 59%, on tax levels for millionaires and big corporation, 59%. women's issue, 55%. immigration, 55%. i mean, these are high numbers of people feeling the gop is out of touch on these issues. >> yeah, i mean, reverend al, the shocking thing is, as you just laid out, the support for democratic policies is even h h higher than support for democratic politicians. the president won a decisive victory, but the support for the issues and policies is going to push is even higher. so the republicans are delusional to be saying that the issue is just a matter of reaching out or modernizing technology and that their principles are sound. it's their principles and policies that were rejected by the voters and that continues. and you're right, too, to point to that symbolism of that awful chair. i mean, that was the worst moment of a terrible convention. >> in the chair of the gop's office. what could you be thinking about? >> right, a cranky old man lecturing our first african american president in prime time in tampa helped take the party down. but while mr
on aid to the poor, 59%, on tax levels for millionaires and big corporation, 59%. women's issue, 55%. immigration, 55%. i mean, these are high numbers of people feeling the gop is out of touch on these issues. >> yeah, i mean, reverend al, the shocking thing is, as you just laid out, the support for democratic policies is even h h higher than support for democratic politicians. the president won a decisive victory, but the support for the issues and policies is going to push is even...
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Jan 24, 2013
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the president stood up for tax fairness and people voted for him. he's standing up to protect social security and medicare. people want to do that. there will be some changes but not fundamental ones. on climate change 80% of the people in the ap poll agree with the president it's a real problem and we have to deal with it. the majority of the country is with him on gay marriage, with him on issues like inaugural reform. barack obama didn't just speak to america, he was speaking for america no matter how much that pains republicans to hear. they're out of step and out of the mainstream. >> is it a deliberate effort -- here is conservative rich lauri from the national review. he writes in politico that the real president obama is now revealing himself. by the way, i'm with that thought. i think it was real obama, not covered up politics, the real thing on monday. he wrots, obama settled one and for all the debate over the place on the political spectrum and his political designs. he's an unabashed liberal determined to shift our politics and our coun
the president stood up for tax fairness and people voted for him. he's standing up to protect social security and medicare. people want to do that. there will be some changes but not fundamental ones. on climate change 80% of the people in the ap poll agree with the president it's a real problem and we have to deal with it. the majority of the country is with him on gay marriage, with him on issues like inaugural reform. barack obama didn't just speak to america, he was speaking for america no...
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Jan 24, 2013
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and there's the overarching question of taxes and spending and entitlements. where do you put the challenges this session faces in terms of history? is this 1981? is this 2009? how are you feeling about the weight of what you have to deal with? >> well, first let me say there is bipartisan agreement that your book on jefferson is absolutely fantastic. >> all right. >> that's among the leadership as well as the rank and file members of the united states senate. >> i appreciate that. >> people are reading it all over the place. from my standpoint, we're really looking at the greatest threat to our national security is our debt. it has to do with our children and our grandchildren's futures. as i travel wyoming and have telephone town hall meetings, the things that really come up, people are saying i'm not worried for me. i'm worried for my kids and grandk grandkids, and are we still going to have america in the future with this kind of debt? who will we owe our future to? >> senator barrasso, i want to ask you about your piece in this morning's "wall street jour
and there's the overarching question of taxes and spending and entitlements. where do you put the challenges this session faces in terms of history? is this 1981? is this 2009? how are you feeling about the weight of what you have to deal with? >> well, first let me say there is bipartisan agreement that your book on jefferson is absolutely fantastic. >> all right. >> that's among the leadership as well as the rank and file members of the united states senate. >> i...